We live in interesting times. In the midst of debt crises in Europe and the US, and economic uncertainties in most parts of the western hemisphere, Asian economies continue to grow at very respectable rates.
Therefore, the world’s economic centre of gravity will continue to move out of its mid-Atlantic location along a trajectory aimed squarely at India and China, wrote London School of Economics professor Danny Quah in Singapore’s Straits Times in June. Asia is slowly assuming a new role of economic leadership.